Are we really going to close more offices and move to RTO 5 days? I am so worried about having to pick up and move. It is getting harder for me to work. If this is happening, do we know when the announcement will be?

There's too much work expected to be done by too few employees and I'm just wondering if anybody at the top cares that we're getting completely burned out and leaving in droves? Or has this been the plan all along, just to save some money by not... — read more 

Ha Ha Ha Ha Ha Ha Couldn't happen to a better company. The way they treat their employees and clients...

New plan is awaiting appproval and it's not real generous. Grade 58 and under with less than 3 years of service gets nothing beyond notice period pay and unused vacation. 3+ years is 10 days for ever year of service above 3 years capped at 70 days.

https://downdetector.com/status/charles-schwab/ https://www.msn.com/en-us/money/topstories/global-cyber-outage-grounds-flights-hits-media-financial-telecoms/ar-BB1qgfyf?OCID=ansmsnnews11

So Monday I took the day off and spent it interviewing all day at a certain fund company downtown Denver. I went to lunch at La Merise with different people from there and while there was seen one of the directors from another team in my department... — read more 

is not a good look for a company in our line of business.

DFW locations today announced brunches on Fridays, a day where there is almost no one on site. Does that mean 5 day RTO coming soon? DFW locations visibly have more security desks on site and installed. Does that mean ramping up security for new... — read more 

So our stock price is being hammered because investors / Wall Street do not understand our business model (same reason it cratered in the recent small bank crisis) and investors are speculating. Meanwhile, other firms are not suffering similarly. So... — read more 

Title says it all. This is the biggest fu--ing M&A blunder I have ever seen or been apart of. Feels like complete buyers remorse from higher ups. 0 initiative or desire to fix anything. Constantly kicking the can down the road with crucial issues... — read more 

Quoting him: “So we are spending you know we reduced some expenses in some areas and we’re spending aggressively in others. That’s how you can have 2000 positions eliminated and YET STILL HAVE EXPENSES RELATIVELY FLAT.”

Is AST (tech side /Denver) group going to hit by coming trimming ?

Just heard from someone in the know that they will be keeping the 3 day in office structure. MDs have been told they will need to keep track of all exceptions they and their reports approve and they'll be certain thresholds not to exceed the allowed... — read more 

Just heard from someone in the know that they will be officially announcing on September 3rd. No remote working after January 1 except on an occassional basis pre-approved by your manager. MDs have been told they will need to keep track of all... — read more 

Any advise ?! I work in STS. My manager and directors are all checked out. A few engineers are keeping the lights on. We have no good work coming up. Is it time to move out ?

It’s time to cut Walt’s salary by at least half. He needs to return to office as well (West Lake) not his own office that barely has anything to do with the majority of the business. Lead by example big guy instead of ki-ling employee morale further... — read more 

I feel like I missed something. The last several posts imply that there’s for sure more layoffs on the table. Was there an official communication that I missed?

Good luck amigos! Here we go again. Immature communication. None of the ECs will be impacted by this downsizing to save the company.. it will you, us, the little folks who will get the boot.

Woohoo. Hey two grand is two grand. Well there is taxes. And most of it is going into 401K. But there will a little something something left.

Anyone still believe Walt that we are only going to have small scale layoffs of duplicate roles going forward? I for one do not

Especially when it appears as a panicked attempt to influence mkt.

Seriously, the second transition was “over” everything’s been pulled. We’re left out here with record volumes everyday since may of the same clients complaining about the same things we can’t change. It’s wearing me down. But “ohhh yay successful... — read more 

If this doesn't explain it all. We are down 5% pre-market. I just wanted to congratulate all of my peers on another cr-ppy quarter where companies like Bank of America and Morgan Stanly are moving up but we can't figure it out. Time to outsource our... — read more 

https://www.barrons.com/livecoverage/bank-earnings-wells-fargo-jp-morgan-citigroup/card/wells-fargo-is-the-worst-performing-stock-in-the-s-p-500-friday-o8Z1yBdgIaY3uLnwgvyA?mod=livecoverage_timeline

Does anyone know what happened in the Client experience team? In Westlake the director and a few managers got let go.

Move on and get a life, guys!

That town hall today was the biggest circlej--kNot once did they address any issues that plague the overburdened front line since TG5. These people are deluded, and it’s like watching the Titanic sink as the band plays on.

Austin campus was locked down today similar to the last layoff which was the only time it's happened. That is, doors typically open are badge only and security stated it's a temp change.

Charles Schwab client hit by fraud or data leak? Just curious . It single case came to light. There would many without news, is there something going around? Or It was one of those bad luck. https://www.youtube.com/watch?v=fWmfeijoCi8 — read more 

It's July now. I was really hoping to see some of these STS Managing Directors either quit or get laid off by now. Are they waiting for the big D to leave first and get cleaned out with a new CIO? Is it the ICs that are the problem at this point or... — read more 

First Schwab lays off their employees or else extorts them to resign. Now some are lying to clients to tell them that their advisors retired when these advisors (that they laid off or forced terminations on) moved on to a competing firm - in order to... — read more 

Took a couple weeks to learn of a laid off team member. Seriously? We can’t announce those departing? Flag in Teams or WP? It shouldn’t take weeks to figure out that somebody is gone and another needs to take their deliverables. It’s almost as if... — read more 

For all of you who complain about the firm and being laid off how about thinking of others and being a bit thankful that you are not in their shoes!! For example Walt Bettingers salary was cut and for what!!! a small mistake investing cash at sub... — read more 

🚀 Big moves in the finance world! Robinhood is attracting top talent from Charles Schwab and Fidelity to bolster its ranks. Already 20 people in DFW ditched Charlie for Vlad. By bringing on experienced professionals like Steve Quirk from TD... — read more 

It’s been a year since we learned of it…anyone still holding out?

Schwab likes to preach concepts like being a 'Schwamily' but hardly anyone reached out after I was laid off. That made a bad situation feel worse. Reach out to your coworkers and check up on them, it could be you one day.

I heard rumblings of some scandalous information last week that was so outrageous I thought there’s no way this is true. Now I’m not so sure. I have a very good friend that works at EgonZhender and his network is buzzing with this rumor. He said it... — read more 

Nothing like seeing our esteemed "Technology" leaders updating their LinkedIn profiles. I am sure that it has nothing to do with the current toxic situation that they have created. Give all of us a break. Does your resume include key bullet points... — read more 

Any client facing roles impacted? How about in the Lone Tree office